AUDJPY 30min Analysis February 16th, 2021
Price is in a strong bullish trend and is testing our key weekly level as support.
Trade Scenario 1:Bullish - For us to go long we want to see price bounce off our weekly level of 82.07. We will enter on strong bullish setups, first targeting previous highs around 82.400.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 82.07. We will then wait for a retrace and for price to reject off our weekly.
Trade Scenario 1:Bullish - For us to go long we want to see price bounce off our weekly level of 82.07. We will enter on strong bullish setups, first targeting previous highs around 82.400.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly level of 82.07. We will then wait for a retrace and for price to reject off our weekly.
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